China Evergrande has sold off its remaining stakes in four real estate projects to state-controlled companies, allowing the world’s most indebted developer to recover RMB 1.95 billion ($310 million) of its capital contribution and settle liabilities in excess of RMB… Read More>>
China Everbright Sued by Former CEO of SGX-Listed Developer for $180M
The former CEO of Ying Li International Real Estate has filed a lawsuit against China Everbright Ltd in a Chinese court over money he says he’s owed by the mainland financial conglomerate from its purchase of his controlling stake in… Read More>>
CEO of SG-Listed Developer is Latest Everbright Exec Nabbed for Corruption
The chief executive of a Singapore-listed developer has become the latest executive from China Everbright, one of the mainland’s largest state-owned financial groups, to be detained for corruption, according to a recent announcement.
Ying Li International Real Estate, which operates… Read More>>
Sino-Ocean Capital Acquires Office Asset in Shanghai’s Caohejing for RMB 2B
Beijing’s Sino-Ocean Capital recently completed an acquisition of an office building in Shanghai’s Xuhui district, closing on the purchase of the H88 Yuehong Plaza despite delays caused by the pandemic and weakening demand for commercial space in the city.
The… Read More>>
Divorce Could Be Driving HK’s Sky-High Home Prices and More Asia Real Estate Headlines
At the top of today’s headlines, a Hong Kong academic finds that a lack of happy families could be adding to the city’s rocketing home prices. Also in the news, China Everbright plans a new US dollar denominated China real… Read More>>
China Real Estate Investors Aim to Score with UK and European Football Clubs Sponsored Feature
Chinese investors, including developers, have spent billions on European football clubs, reaping dividends from instant global branding and recognition, which is subsequently leading to real estate investment in the region.
In recent days, as Brexit takes a backseat, British news… Read More>>
Fosun Announces Net Profit Rise of 17% in PR Blitz and More China Real Estate Headlines
China’s biggest private investment conglomerate put its PR machine into hyperdrive last week as the company worked to reassure markets that it had completely recovered from the detention of its chairman last December. Plus, Dutch pension fund manager APG explains… Read More>>
Everbright Buys Wanchai Tower for $1.29B as Mainlanders Gobble Up Hong Kong
Mainland financial giant China Everbright announced late on Thursday that it has agreed to purchase the Dah Sing Financial Centre in Hong Kong’s Wanchai district for HK$10 billion ($1.29 billion), as Chinese giants continue to buy up real estate assets… Read More>>